AB Bank official among 3 sued for embezzling Tk 133cr

The Anti-Corruption Commission (ACC) today filed a case accusing three people including an official of AB Bank for misappropriating Tk 133 crore.

The three are: Md Nazim Uddin, executive vice president and branch manager of AB Bank in Chattogram; Md Azad Hosen, former SAVP and in-charge of Credit Administration Monitoring unit of the bank’s headquarters; and Mozahar Hossain, proprietor of Yasir Enterprise in Chattogram.

Md Sirajul Haque, assistant director of the ACC, filed the case with Halishahar Police Station in Chattogram today, said Pranab Kumar Bhattacharya, public relations officer of the anti-graft watchdog.

On February 20, the anti-graft watchdog approved the charges against a businessman and a official of AB Bank for misappropriating Tk 133 crore.

ACC's enquiry found that Yasir Enterprize opened LCs with AB Bank's Port Connecting Branch of Chattogram to import food items.

Yasir Enterprize sold the food at local market but did not repay the money to the bank.